Brokerages predict that America's Car-Mart, Inc. (NASDAQ:CRMT) will report earnings of $0.99 per share for the current quarter, Zacks reports. Two analysts have made estimates for America's Car-Mart’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.03. America's Car-Mart reported earnings per share of $0.72 during the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The company is expected to issue its next earnings report on Monday, May 28th.
On average, analysts expect that America's Car-Mart will report full-year earnings of $3.26 per share for the current financial year, with EPS estimates ranging from $3.23 to $3.29. For the next fiscal year, analysts forecast that the firm will report earnings of $4.33 per share, with EPS estimates ranging from $4.26 to $4.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for America's Car-Mart.
America's Car-Mart (NASDAQ:CRMT) last announced its earnings results on Monday, February 19th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. America's Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. The business had revenue of $147.20 million during the quarter, compared to analysts’ expectations of $136.55 million. During the same period in the prior year, the company earned $0.35 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year.
A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of America's Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stephens set a $50.00 price target on shares of America's Car-Mart and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine lowered shares of America's Car-Mart from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group boosted their price target on shares of America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. America's Car-Mart currently has an average rating of “Buy” and a consensus target price of $49.00.
In other America's Car-Mart news, Director William H. Henderson sold 3,454 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $50.00, for a total transaction of $172,700.00. Following the transaction, the director now directly owns 137,190 shares in the company, valued at $6,859,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Henderson sold 11,546 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.50, for a total transaction of $571,527.00. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in America's Car-Mart by 6.2% during the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after purchasing an additional 20,317 shares during the period. Parametric Portfolio Associates LLC lifted its position in America's Car-Mart by 8.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,971 shares of the company’s stock valued at $971,000 after purchasing an additional 2,003 shares during the last quarter. Voya Investment Management LLC bought a new stake in America's Car-Mart in the 2nd quarter valued at about $206,000. State Street Corp lifted its position in America's Car-Mart by 5.0% in the 2nd quarter. State Street Corp now owns 144,997 shares of the company’s stock valued at $5,641,000 after purchasing an additional 6,957 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of America's Car-Mart by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock worth $240,000 after buying an additional 112 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.
Shares of America's Car-Mart (NASDAQ CRMT) traded up $1.00 during trading hours on Friday, hitting $50.75. 84,138 shares of the stock were exchanged, compared to its average volume of 40,231. America's Car-Mart has a 1-year low of $31.85 and a 1-year high of $51.65. The stock has a market capitalization of $344.89, a PE ratio of 12.17 and a beta of 0.88.
America's Car-Mart declared that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
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About America's Car-Mart
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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